A Theory of the Firm Only a Microeconomist Could Love? A Microeconomist's Reply to Lubatkin's Critique of Agency Theory.

Lange, T., 2005. A Theory of the Firm Only a Microeconomist Could Love? A Microeconomist's Reply to Lubatkin's Critique of Agency Theory. Journal of Management Inquiry, 14 (4), pp. 404-406.

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DOI: 10.1177/1056492605280419

Abstract

Despite recent criticism of agency theory to inform corporate governance research, the author of this article remains wholly unconvinced and argues that the theory has much to offer to help scholars understand organizational complexities. In response to Michael Lubatkin’s critique of agency theory, he highlights shared interests between the scholarship of organizational behaviorists and microeconomists and contends that both discipline areas can do more than merely coexist.

Item Type:Article
ISSN:1056-4926
Uncontrolled Keywords:principal-agent model • effort aversion • marginal behavioral traits
Subjects:Technology > Business, Management and Marketing
Group:Business School > Centre for Research in Management
ID Code:9956
Deposited By:Mrs Jean Harris
Deposited On:01 Jun 2009 21:44
Last Modified:07 Mar 2013 15:08
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